From Breakingviews - Tesla’s price war can only go so far
to car prices, a potential sign of panic amid weakening demand — or an opportunistic move to kneecap rivals. The $450 billion car company’s industry-leading profit margins give it plenty of ammo. But as a global downturn looms, it might not be enough to sate his goal of world domination.
While that hurts profit, it may help Tesla stay ahead of rivals who are elevating their own electric vehicle ambitions. Musk could push others who are in an investment stage to respond in kind, forcing cash flow to fall and strangling their attempts to grow their manufacturing operations.
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